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Chinese farmers to grow less cotton this year, will demand for Indian cotton increase ???

Written By Views maker on February 02, 2010 | 2/02/2010

Based on the below report the demand for the cotton in future could increase drastically, this would make our Industries costlier as the yarn prices could increase due to the rise in cotton demand. The spinner should make sufficient buffers in advance to face such situations.

Report form Alibaba.com

"Farmers in China, the world's top consumer of cotton, plan to grow less this year as lower returns shift more acreage to grains and fruits instead, a survey by an influential academy showed on Tuesday. Cotton areas in 2010 were likely to fall by 4.9 percent from 2009 to about 4.78 million hectares, according to the survey polling nearly 4,000 cotton farmers in 16 major growing provinces by the China Cotton Research Institute. Lower output in China, the world's largest importer, could prompt more imports next year. China has already increased import quotas this year after domestic output fell by more than 10 percent last year. "  -- Courtesy : www.alibaba.com